NEW ORLEANS, Aug. 31, 2003 (PRIMEZONE) -- Federal Security Protection Services, Inc. ("FSPS") (OTCBB:FSPS) announced that the merger agreement between FSPS and Clear Wire Networks will not occur. The agreement was signed on July 31, 2003, and the parties had thirty days in which to consummate the merger. A closing did not occur, so the merger agreement was terminated as of August 30, 2003. FSPS will continue to seek an appropriate merger candidate.
Certain information and statements included in this release constitute "forward-looking statements" within the meaning of the Federal Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve known and unknown risks, uncertainties and other factors, which may cause the actual results, performance, or achievements of the company to be materially different from any future results, performance, or achievements expressed or implied in such forward-looking statements.